Purchasing a home is the most significant and largest expense you will ever make. Therefore, it is crucial to have a real estate law firm by your side when going in to close the deal, as the lawyer can save you from various pitfalls and ensure a smooth buying process by taking care of all the legal procedures.
Here is a list of the reasons why you need to hire a real estate lawyer when purchasing a home:
Real Estate Law Firms Can Form Legal Contracts
While anyone can negotiate face to face with a third party, a real estate lawyer can help you in forming a legal written contract when buying a house. They have in-depth knowledge of the real estate matters and can help you form the right clauses while negotiating on your behalf. They will ensure that the contract has clauses that adhere to the state law and addresses any particular issues associated with the future use of the house.
Real Estate Law Firms Can Address Liens
Before finalizing the deal, you need to make sure that the house does not have encumbrances such as liens. A real estate lawyer will conduct a thorough research and make sure that you are buying the right property. They make sure that the seller has the legal right to sell out the property by conducting title searches.
It might take you a lot of time to do the research on your own and can be very costly. A lawyer will be able to provide this information a lot faster and in half the cost. Moreover, real estate lawyers have sources and contracts in the industry that help them find out accurate information regarding the property in question.
Quick Filing Process
The deeds pertaining to real estate have to be filed at the state level. Your real estate lawyer will be able to ensure a quick, smooth and efficient filing process. Moreover, if the transaction consists of the property where construction of certain type might not be permitted, a real estate law firm will be able to deal with the complex details in an effective manner to ensure a smooth transaction.
For more information or to schedule a free consultation, contact Jackson Abdalla today at (773) 550-3853 to speak with an experienced attorney on this topic.